Yoffe Investment Management LLC Invests $720,000 in McDonald's Co. (NYSE:MCD)

Yoffe Investment Management LLC acquired a new stake in shares of McDonald's Co. (NYSE:MCD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,485 shares of the fast-food giant's stock, valued at approximately $720,000. McDonald's accounts for about 1.0% of Yoffe Investment Management LLC's investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of McDonald's by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,169,342 shares of the fast-food giant's stock valued at $20,341,391,000 after buying an additional 526,466 shares during the period. Geode Capital Management LLC lifted its holdings in McDonald's by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 16,074,438 shares of the fast-food giant's stock worth $4,652,768,000 after buying an additional 157,458 shares during the period. Capital Research Global Investors lifted its holdings in McDonald's by 5.2% in the fourth quarter. Capital Research Global Investors now owns 10,652,445 shares of the fast-food giant's stock worth $3,088,037,000 after buying an additional 531,070 shares during the period. Norges Bank bought a new stake in McDonald's during the 4th quarter valued at approximately $2,725,190,000. Finally, Northern Trust Corp grew its holdings in shares of McDonald's by 11.2% during the 4th quarter. Northern Trust Corp now owns 8,867,193 shares of the fast-food giant's stock worth $2,570,511,000 after acquiring an additional 895,896 shares during the period. 70.29% of the stock is currently owned by institutional investors.

McDonald's Stock Performance

Shares of MCD traded up $1.82 on Friday, hitting $313.68. 4,056,625 shares of the stock traded hands, compared to its average volume of 3,526,663. The company has a market capitalization of $224.29 billion, a PE ratio of 27.54, a P/E/G ratio of 3.10 and a beta of 0.57. McDonald's Co. has a one year low of $243.53 and a one year high of $326.32. The business has a 50 day simple moving average of $312.27 and a 200 day simple moving average of $301.89.

McDonald's (NYSE:MCD - Get Free Report) last posted its earnings results on Thursday, May 1st. The fast-food giant reported $2.67 EPS for the quarter, hitting analysts' consensus estimates of $2.67. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.17 billion. McDonald's had a negative return on equity of 181.63% and a net margin of 31.73%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. On average, equities analysts expect that McDonald's Co. will post 12.25 earnings per share for the current year.

McDonald's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $1.77 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $7.08 annualized dividend and a yield of 2.26%. McDonald's's payout ratio is 62.49%.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 939 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $315.07, for a total transaction of $295,850.73. Following the sale, the insider now owns 11,161 shares in the company, valued at approximately $3,516,496.27. This represents a 7.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp increased their target price on McDonald's from $335.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. BMO Capital Markets reiterated an "outperform" rating and issued a $345.00 price objective (up previously from $340.00) on shares of McDonald's in a report on Monday, May 5th. Robert W. Baird raised their price objective on McDonald's from $300.00 to $315.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Truist Financial set a $350.00 target price on shares of McDonald's in a report on Friday, May 2nd. Finally, TD Securities reiterated a "hold" rating and issued a $300.00 price target on shares of McDonald's in a research note on Monday, February 10th. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $325.91.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.